Guide lays out the good and bad of rooftop solar
February 26, 2015 | By
Barbara Vergetis Lundin
Consumers across the country are jumping on the trend to install solar panels on their homes or at least considering it. Because rooftop solar and its associated technology is relatively new, the available information with which consumers can make their determination can be limited. A new guide from Louisiana State University AgCenter is making the decision a little easier. The 24-page digital guide highlights a number of benefits of rooftop solar, including that it harnesses the power of the sun with no greenhouse gases, and that panels can be long lasting, requiring little maintenance. The guide also warns of a number of issues consumers should be aware of. For example, the report author warns of "misleading escalation rates," explaining the projections of total savings over the term of a rooftop solar lease are usually based on a prediction that the cost of electricity from the grid will rise at a rate higher than the contract's escalation rate. If the prediction is wrong, the estimated savings will be wrong. Cost can be an obstacle. The report notes that, in many cases, financing may not be available or affordable or the homeowner may not qualify. The report also reminds consumers of the intermittent nature of solar and suggests that another source of electricity (such as through an electric utility company, whole house generator or battery storage system) be ready to provide power whenever needed. "Solar power technology has advanced, lowering the cost and increasing efficiency, but it is still an expensive long-term investment that should be carefully evaluated. Because of the benefits of clean, renewable energy, there are an array of federal and local incentives and financing structures to make it more affordable. There is a lot to consider to make a good choice," said Claudette Reichel, author of the report. "Consumers can get the most out of going solar by becoming familiar with their options and knowing what questions to ask. It is important to ensure a strong contract, quality installation and good return on investment to achieve benefits they seek." For more: © 2015 FierceMarkets, a division of Questex Media Group LLC. All rights reserved. http://www.fierceenergy.com/story/guide-lays-out-good-and-bad-rooftop-solar/2015-02-26 |